SENATE ENACTS $50 MILLION IN BONDS

AUGUSTA – Today, the Senate enacted six bond bills totaling $50 million to create jobs and invest in Maine’s small businesses and economy.

“Investments like these help boost Maine’s competitive advantage,” said Senate President Justin Alfond of Portland. “We have an opportunity to invest in our state’s entrepreneurs and small business owners to spur job growth. These bonds will strengthen an economy that’s lagging behind the rest of our New England neighbors. Investments in small business are another win for the people and businesses in our state.”

“Our marine industries are part of what makes Maine great and we should be doing more to support them,” said Senate Majority Leader Troy Jackson, the sponsor of the marine economy bond, which will invest in seafood processing facilities in Downeast Maine. “I’m tired of seeing our resources leave the state for processing in Canada. Maine businesses and workers deserve to have a level playing field right here at home.”